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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5853
Introduced 2/6/2004, by Michael J. Madigan SYNOPSIS AS INTRODUCED:
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205 ILCS 205/2002 |
from Ch. 17, par. 7302-2 |
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Amends the Savings Bank Act. Makes technical changes in a
Section concerning registration of savings bank holding companies.
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A BILL FOR
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HB5853 |
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LRB093 16899 SAS 42556 b |
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| AN ACT in relation to financial regulation.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Savings Bank Act is amended by changing
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| Section 2002 as follows:
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| (205 ILCS 205/2002) (from Ch. 17, par. 7302-2)
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| Sec. 2002. Registration. A
Each savings bank holding |
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| company and
each subsidiary
thereof shall register with the |
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| Commissioner within 180 days after
the effective date of this |
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| Act or within 90 days after becoming a
savings bank holding |
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| company, whichever is later. Each savings
bank holding company |
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| and each subsidiary thereof shall register on
those forms as |
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| may be prescribed by the Commissioner which shall
include |
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| information with respect to the financial conditions,
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| ownership, management, and intercompany relations of the |
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| holding
company and its subsidiaries and related matters as the
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| Commissioner may deem necessary or appropriate to carry out the
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| purposes of this Act.
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| (Source: P.A. 86-1213.)
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